Burticus

Jobs Report: An Actual Green Shoot

Green shoots?! Somebody uses Bubbles' catchy little phrase to describe our current unemployment situation with a straight face? Hahahaha!

Every time I hear "green shoots," I picture the central banksters' NWO storm troopers' marching jackboots stomping them into the mud.

The new catchy phrase for the corporate media cartel to repeat like a mantra should be "Got rope?"

Gold Surges to New Record Highs: Media Is Apathetic

In the last two weeks, gold price has set new records, all over 1,000 FRNs, for weekly close and monthly close, and yesterday daily close and intra-session high.

Gold is the barking watchdog or blaring burglar alarm, warning the sheeple that the paper/electron currencies are hastening their inevitable death march to the fiat graveyard, then fiat Hell.

Our central bankster crime syndicate masters and their political & Wall Street minions are completing their looting and destruction of America and the middle class in preparation for a communist totalitarian new world order.

"Resistors" preferring our founding fathers' vision of a free-enterprise economic system under the rule of law in a republic should check out the NWO police state storm troopers at G20 in Pittsburg, making Der Fuhrer's brown shirts look like patsies. Goose stepping menacingly toward The People, clocking their truncheons against their body armor 35 seconds into the video.

www.youtube.com/watch?...

Says one kid, "Intimidation techniques...nice!"

Disclosure: Long physical silver & gold, CEF, steel, lead, food and 3/4" Manila hemp rope.

Gold Falls as Markets Ignore Iranian Geopolitical Threat

Trends in propaganda chatter from the corpgov media cartel and the sternly agonizing oligarchs at the Pittsburg puppet/storm trooper show certainly appear to be priming an unwitting public for the Israeli attack on Iran on October 25, 2009.

This op will not go as planned, with 2/3 of attacking forces never reaching their targets and a horrible mistake made hitting a tertiary target. The international outrage, apparent confusion in the Kenyan usurper's camp and following retaliations will divert attention in early November as the central banksters hasten the FRN's death march to the fiat graveyard.

Panicked investors fleeing the mid-October stock crash to the perceived safety of FRNs, treasuries and bonds will be vaporized. Derivatives defaults will slam shut the escape hatch to commodities. Physical gold and silver investments will be the only financial assets left standing among the crispy critters in the twisted smoking wreckage.

Made a good buck on the oil rally and already safely "all in" PMs, but still hand-wringing on how to play the "interventionals" in a leveraged side bet on this manipulated three ring circus from Hell.

Gold: What Professional Futures Traders Think

Compare the COT to the monthly Bank Participation Report and you will see that a couple Illuminist bullion banks control the vast majority of the short position in CRIMEX papergold. These are not "commercials" hedging gold production, but naked speculative shorts of a huge percentage of global annual gold production that are the pillars holding up the decades-long gold price suppression scheme.

Gold is the barking watchdog that warns the sheeple that they are being sheered of their savings by currency debasement. Papergold must be beaten into submission on the CRIMEX to maintain the central banksters' fiat currency racket. As the Chinese and other foreigners dump their FRN-based debt paper for real money, the scheme will unravel, the CRIMEX will default and the paper tail will no longer wag the golden dog.

As the world's paper currencies, led by the FRN, hasten their inevitable death march to join their ancestors in the fiat currency graveyard, then fiat currency Hell, nobody will be stupid enough to exchange real gold and silver for paper, even with big numbers printed on it. As Prof. Antal Fekete warns, when gold goes into hiding, the political, social and economic consequences will be devastating. The people's wrath will be unleashed on TPTB and their minions who are responsible for the widespread poverty and death.

Gold Falls on Dollar Rise, Profit Taking

Gold and silver are real, so do not change. I peeked in my gun safe this morning to check and, sure enough, my coins and bars look exactly the same as last week.

The only thing changing is the currencies, as they hasten their inevitable death march to the fiat currency graveyard before joining their ancestors in fiat currency Hell.

As Professor Antal Fekete points out, at some point, nobody will be stupid enough to exchange real gold for any amount of fancy paper with lots of zeros printed on it by the international central bankster cartel, at which time gold will go into hiding and the thin veneer of civilized society will begin to collapse.

Precious Metals: Breakout, Fakeout or Shakeout?

I agree with LR. Regarding (3) a shakeout, I thought I just saw a huge one over the last year, since August 2008?

As JPM said, "Gold is money. Nothing else is" (except silver). Gold and silver do not change. Honest men have used them to store their wealth for eons. Only the paper/electron currencies change and they all just went down vs. gold, as they always inevitably do over the long term on their way to their intrinsic value of zero.

The markets? Wall Street fraud king banks are all insolvent zombies, yet while loan defaults and the derivatives death star loom, share prices soar. S&P P/E ratio is stretched over 100 to 1 even with fake earnings thanks to FASB sellouts. Gangsters running gubmint, printing/keying more fake money, handing it to their pals, skimming 100 million daily using computer trading and front running with the exchanges. CFTC pummels oil longs while banksters short 200,000 gold and 40,000 silver contracts. China revolting against the UK-US bankster cartel, frantically swapping FRN$ for resources, doing currency swaps, stockpiling gold, promoting silver, its stock market tanking again, saying bleep you on contracts "hedging" aforementioned silver shorts. Hahaha!

October stock market crash to new lows seems imminent to me, even with prices propped up by money printing and porkulus/scamulus.

After the stock ring is piled high with towels, starting late October to November, those who stampeded to "safety" of FRNs, Treasuries and bonds, will get vaporized in the dollar collapse through 2010. Real gold and silver (not paper) will be the only things left standing among the crispy critters in the twisted smoking wreckage.

Fundamentally, technically, interventionally (?), I would not want to be short silver or gold right now, unless I could create money and steal the metal to cover my positions.

Disclosures: Long physical gold, silver, steel, lead, food, rope

The U.S. Treasury's Golden Shell Game

Look under the bankster cartel's shells of paper currencies, government fiats and fractional reserve banking and you will find The People's gold. Of course, they will claim this real money belongs to them as collateral for all the paper/electron money they created out of thin air and lent to us.

Looking Toward 2009

The author's quip to his friend about his gold, "It is still there," is indeed the correct response. Hopefully, this unbeliever's "flight to safety" includes plenty of long-term Treasuries yielding 2% interest, so he can learn first-hand the concepts of counter-party default and interest rate risk.

I watch the various financial markets fluctuating wildly, sometimes on a daily basis. But, whenever I peek into my gun safe, my bullion is still there and looks exactly the same.

The Intrinsic Value of Gold

Measuring the intrinsic value of any commodity (particularly the ultimate historic monetary commodity of gold) against paper currency is inherently preposterous, which explains the piling-on by the readers. To help him understand this concept, the author should research and write an article on the intrinsic value of paper currency issued at whim by central bankers, backed only by fiat of corrupt gubmints. Oh, don't bother...this was addressed long ago:

"Paper money eventually returns to its intrinsic value: zero." - Voltaire (1694-1778)

Consensus Gold Estimates

Thanks for the advice. I will short Bloomberg and buy all of these analysts' gold.

Gold Bugs Beware

"You have to choose between trusting to the natural stability of Gold and the honesty and intelligence of the members of the Government. And with due respect to these gentlemen, I advise you to vote for Gold." - George Bernard Shaw

Gub'ments/central banksters worldwide are creating trillions in new "money" which will inevitably cause hyper-inflation. Go ahead and trust fiat FRNs and other paper, I will trust real money. Your paper casino markets fluctuate wildly, but when I open the gun safe, my physical silver and gold bullion always look the same.

Is Gold A Sucker's Bet?

Go ahead and play your paper games, boy wonder. Rock will cover paper and gold will meet the Dow. With unprecedented worldwide buying of physical bullion, the only reason gold price has not soared is that it is measured by the bull$#!+ paper price on the COMEX, where the bankster cartel naked shorts it with unlimited fiat paper, while the CFTC looks the other way like a referee on TV wrestling. You are buying/selling their "your gold bad our paper good" propaganda while they stash cheap bullion in Swiss vaults.

My diversified portfolio consists of gold, silver and lead. Yes, lead, "the other white metal," for the bankster cartel consolidating financial and political control for their New World Order. Stockpiling food so I will not be at their mercy when they stage their next crisis.

Some True Safe Havens Are Still (Surprisingly) Undervalued

There IS enough gold and silver to back currencies, but at a much, much higher price! Divide total global fiat paper/electron "money" supply by ounces of gold, silver and platinum bullion to calculate their true market price.

The central bankster cartel and their fiat currencies are the root cause of all global economic/financial bubbles, which can only occur under a system of fiat paper currency. We must repeal the 16th and 17 amendments and the Federal Reserve Act to cure the disease, rather than continually treating the symptoms. Only America's third largest political party, the Constitution Party, and its presidential nominee, Chuck Baldwin, advocate this permanent solution.

We now return to the regularly-scheduled elephant and jackass show...

Joe McAlinden: Weathering the Storm, Gold Is Still an Asset Class of Choice

The lead bulls like Mr. McAlinden smell lion in the tall grass. The herd is getting nervous. When they spook from fiat paper, the stampede to safety will begin.

Paper casino spot price of gold is depressed, but still 70X price of silver. For centuries, gold traded for 15X silver. User 30121 likely knows this and also that silver is consumed and demand exceeds mining supply, making it more rare than gold, which is hoarded.

There is no silver left to buy except 1,000 ounce bars - try finding some. Supply is non-existent, demand soaring, yet price is low - not what they l'arnt me in business school about free enterprise supply and demand. I loaded up before the bullion dealers ran out, just like the Fed bankster cartel led by J.P. Morgan that manipulated price down. Silver just did a touch-n-go in Aug-Sept and will take off for orbit, en route to the moon.

Disclosure: I am "all in" physical possession silver and CEF for my 401(k).

The Nuttiness of This Market

Thank you to the manipulators for pushing the paper prices of precious metals low again, while M3 and related inflation of fiat currencies soar. This has enabled me to continue filling my gun cabinet with real money - physical silver and gold.